Brokerages Set Telefonica Brasil S.A. (NYSE:VIV) Price Target at $13.12

Shares of Telefonica Brasil S.A. (NYSE:VIV) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.12.

Several research analysts recently commented on the stock. Bank of America assumed coverage on shares of Telefonica Brasil in a research note on Thursday, December 11th. They issued an “underperform” rating and a $14.00 price target on the stock. Wall Street Zen upgraded shares of Telefonica Brasil from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings raised shares of Telefonica Brasil from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Zacks Research upgraded Telefonica Brasil from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, Barclays reissued an “overweight” rating and issued a $14.50 price objective on shares of Telefonica Brasil in a research note on Monday, November 3rd.

Telefonica Brasil Price Performance

Shares of VIV stock opened at $16.58 on Tuesday. The stock has a 50 day moving average price of $13.69 and a 200 day moving average price of $12.91. The firm has a market capitalization of $26.97 billion, a P/E ratio of 23.69, a P/E/G ratio of 0.76 and a beta of 0.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.00. Telefonica Brasil has a 52-week low of $8.09 and a 52-week high of $16.63.

Telefonica Brasil (NYSE:VIV) last released its earnings results on Monday, February 23rd. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Telefonica Brasil had a return on equity of 9.15% and a net margin of 10.42%.The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.88 billion. As a group, sell-side analysts predict that Telefonica Brasil will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Telefonica Brasil

Several institutional investors have recently made changes to their positions in the company. Coldstream Capital Management Inc. lifted its stake in Telefonica Brasil by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 11,802 shares of the Wireless communications provider’s stock worth $140,000 after acquiring an additional 672 shares during the period. Ieq Capital LLC raised its holdings in shares of Telefonica Brasil by 3.4% in the 4th quarter. Ieq Capital LLC now owns 22,285 shares of the Wireless communications provider’s stock valued at $264,000 after purchasing an additional 727 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Telefonica Brasil by 2.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 26,638 shares of the Wireless communications provider’s stock valued at $316,000 after purchasing an additional 744 shares in the last quarter. BSW Wealth Partners lifted its position in shares of Telefonica Brasil by 2.1% in the 4th quarter. BSW Wealth Partners now owns 36,804 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 770 shares during the period. Finally, Aprio Wealth Management LLC boosted its stake in shares of Telefonica Brasil by 2.2% during the fourth quarter. Aprio Wealth Management LLC now owns 39,645 shares of the Wireless communications provider’s stock valued at $470,000 after purchasing an additional 845 shares in the last quarter. Hedge funds and other institutional investors own 5.16% of the company’s stock.

Telefonica Brasil Company Profile

Telefônica Brasil SA, commonly marketed under the Vivo brand, is one of Brazil’s largest telecommunications providers, offering a broad range of consumer and enterprise communications services. The company’s core activities include mobile voice and data services, fixed-line telephony, broadband internet (including fiber-to-the-home), and pay-TV solutions. It also provides ICT and managed services for business customers, such as cloud, data center, connectivity, Internet of Things (IoT) and security solutions.

Vivo operates a nationwide network across Brazil and serves both individual consumers and corporate clients.